351 2nd Ave S #705KetchumID83340
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Ketchum at 351 2nd Ave S #705, Ketchum, ID, 83340 offers a 5.29% rental yield on a $825,000 purchase with $3,634/mo rent. 59% in year one. Equity gained on principal adds $5,324/yr while 5% annual appreciation supports $227,932 over five years. Portfolio math shows five-year ROI at 63.91% and total cumulative return in cash at $173,481. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,634/mo property income against a $4,038/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1984
N/A lot
$N/A/sqft
$577 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 83340, Ketchum, ID area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,468 (100%) |
| Owner Occupied HU | 1,579 (35.3%) |
| Renter Occupied HU | 771 (17.3%) |
| Vacant Housing Units | 2,118 (47.4%) |
| Median Home Value | $973,821 |
| Average Home Value | $1,185,082 |
Housing Distribution
Address Breakdown
Residential
48
Single Family
48
Multi-Family
0
Businesses
569
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Listed by: Rixon + Cronin • Keller Williams Sun Valley Southern Idaho
Mls Name: Sun Valley BOR MLS
Mls Provider:
Mls ID: #24-332327
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information provided by Sun Valley Board of REALTORS/ Sun Valley Multiple Listing Service is deemed reliable but not guaranteed by the MLS. The properties displayed are provided courtesy of Real Estate Brokers participating in the Sun Valley Board of REALTORS/ Sun Valley Multiple Listing Service Internet Data Exchange Program (IDX).